By Sarah Lizee
Olympia, Wash., July 3 – GS Finance Corp. priced $491,000 of autocallable contingent coupon index-linked notes due July 3, 2029 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent quarterly coupon of 7.35% per annum if each index closes at or above its 75% coupon trigger level on the related quarterly determination date.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date after one year.
The payout at maturity will be par unless either index finishes below its 60% trigger level, in which case investors will lose 1% for every 1% decline of the least performing index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon index-linked notes
|
| Underlying indexes: | Euro Stoxx 50, Russell 2000
|
| Amount: | $491,000
|
| Maturity: | July 3, 2029
|
| Coupon: | 7.35% per year, payable each quarter that each index closes at or above its 75% coupon trigger level on the related quarterly determination date
|
| Price: | Par
|
| Payout at maturity: | Par unless either index finishes below 60% trigger level, in which case 1% loss for every 1% decline of the least performing index
|
| Call: | At par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date after one year
|
| Initial levels: | 1,517.775 for Russell, 3,442.95 for Stoxx
|
| Pricing date: | June 26
|
| Settlement date: | June 28
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 4.325%
|
| Cusip: | 40056FMK8
|
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